Find the simple interest on Rs. 1500 for 3 years at 3% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: A. Rs. 135.
- A. Rs. 135 ✓
- B. Rs. 128
Why not B: “Rs. 128” is not Rs. 135.
- C. Rs. 114
Why not C: “Rs. 114” is not Rs. 135.
- D. Rs. 159
Why not D: “Rs. 159” is not Rs. 135.
Correct answer
A. Rs. 135
Explanation
Rs. 135 (option A) is the accepted answer to “Find the simple interest on Rs. 1500 for 3 years at 3% per annum.”. Option B (Rs. 128) is a different value from Rs. 135. Option C (Rs. 114) is a different value from Rs. 135. Option D (Rs. 159) is a different value from Rs. 135. Keep Rs. 135 as the interest Mcqs fact for this stem.
Source: FPSC/NTS Generated Practice Set
Tags: FPSC, NTS, Interest
Submitted by: MCQsHub Editorial
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